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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

FERC Forced to Release Report on Williams and AES Communications

LCG, Nov. 15, 2002--Conversations transcribed in a Federal Energy Regualtory Commission report detail what appears to have been an agreement to keep a Southern California power plant from providing power, which allowed Williams to sell power at a higher-than-expected price to the California Independent System Operator.

Williams had hoped to avoid the release of the FERC report, which FERC had earlier warned it would release unless the company agreed to erase $8 million in charges to the CAISO, which contested them as unwarranted. Although Williams agreed not to pursue the charges, a public-records lawsuit brought by The Wall Street Journal against the FERC compelled the report's release. Representatives for Williams and AES responded to the report by characterizing their communications in May 2000 as well-known and not deserving of attention. Williams settled a lawsuit brought by California this week, rewriting long-term contracts with the state to avoid further legal action.

The conversations between the companies concerned the AES Alamitos plant, from which Williams was buying and marketing power. Any power that could not be delivered as planned would and did bring a price of $750 per megawatt-hour, rather than the price of $63 in the schedule. In this case, units within the same plant provided power because the units specified in the schedule were on outage for maintenance. The additional cost to the CAISO over a fifteen-day period was estimated at $10 million.

Rhonda Morgan of Williams was quoted as saying to an AES employee at the plant, "it wouldn't hurt Williams' feelings if the outage ran long." The president of Williams Energy Marketing & Trading, Bill Hobbs, said that the release of the information against the wishes of FERC "doesn't add anything to the dialogue...", and said that AES received no compensation based on the communications.
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